TSX:SOT.DB - Post by User
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HRc60to65on Nov 10, 2024 4:51am
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Post# 36305074
sot_-_q3_2024_financial_statements_vsedar Note 28
sot_-_q3_2024_financial_statements_vsedar Note 28Note 28
iv. On October 31, 2024, one of the REIT's lenders provided formal Event of Default notices expressing their right to demand repayment
of the borrowings at their discretion. The Event of Defaults occurred due to certain covenant violations from June 30, 2024. The REIT
is working with the lender to cure such defaults. The notices received relate to a defaulted mortgage secured by one of the REIT's property with a principal balance of $79.1 million at September 30, 2024.
Someone is knowing the propertiy ?
v. On November 5, 2024, the REIT disposed of one of its Ontario properties for a gross purchase price of $39.0 million.
Slate Office REIT
Sales already annonced of properties sale in q4-2024, total 64.2M$:
Winnipeg,114 Garry Street 14.3M$
Winnipeg, 365 Hargrave Street 10.9M$
I think it is : Ontario, Markham, Gateway center 39M$